9Jan
Forex Signals

IForex Market Trading Signals and News – 09 January 2015

TRADING TIPS :

  • Forex-Euro near 9-year lows vs. stronger dollar.
  • Forex- GBP/USD drops to 18-month lows ahead of BoE statement.
  • Forex-AUD/USD rises off 5-1/2 year highs on Australian data.

GBP/USD
GBP/USD hit 1.5034 during European morning trade, the pair’s lowest since July 2013; the pair subsequently consolidated at 1.5056, declining 0.36%.Cable was likely to find support at 1.4812 and resistance at 1.5156, Wednesday’s high.The dollar continued to be underpinned after a report on Wednesday showed that the U.S. private sector added a larger-then-forecast 241,000 jobs in December. The upbeat data boosted the outlook for the U.S. recovery and raised expectations for a strong reading of the government nonfarm payrolls due on Friday. On Wednesday, the minutes of the Federal Reserve’s December meeting did little to alter expectations that U.S. interest rates will start to rise later this year.

EUR/USD
EUR/USD was at 1.1815, close to overnight lows of 1.1801, the weakest since January 2006.The single currency remained under pressure after data on Wednesday showing that the annual rate of euro zone inflation fell by 0.2% in December, down from 0.3% in November. Economists had expected an annual decline of 0.1%.It was the first fall in the annual rate of inflation since October 2009.The decline in consumer prices added to expectations that the European Central Bank could implement quantitative easing as soon as its next meeting on January 22. Late last week ECB President Mario Draghi said the risk of it not fulfilling its mandate of price stability is higher now than six months ago.Demand for the dollar continued to be underpinned after a report on Wednesday showed that the U.S. private sector added a larger-then-forecast 241,000 jobs in December.

RECOMMENDATION :

1. Buy GBP/USD Above 1.5093-TG: 1.5113/1.5143 SL 1.5063
2. Sell GBP/USD Below 1.5030-TG: 1.5010/1.4980 SL 1.5060

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

9Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 09 January 2015

MARKET UPDATES :

  • THE Singapore government’s budget for FY2015 – to be delivered in Parliament on Feb 23, Monday – will be no ordinary one.Even as a celebratory tone is struck, the social and economic challenges confronting Singapore will need facing up to, too.Expectations run high for an expansionary budget, this being the year that Singapore celebrates 50 years of independence. That anticipation stems also from Budget 2015 being viewed as a pre-election budget.
  • HDB resale prices in December 2014 dropped to a 41-month low since August 2011, data from Singapore Real Estate Exchange (SRX) Property revealed. This represents a 6.1 per cent decline from December 2013.Month-on-month, resale prices in December 2014 fell 0.4 per cent.The price slump was driven by HDB four- and five-room flats, whose resale prices fell 0.7 per cent and 0.3 per cent respectively.
  • Singapore is updating guidelines on an accounting practice mired in controversy for helping multinational companies minimize their tax bills, as the city-state moves more in line with a crackdown by Western governments on aggressive tax avoidance. International taxation has come under scrutiny since a quirk of “transfer pricing” was found to have helped lower the tax bills of a number of multinationals, including Starbucks Corp , Google Inc and Amazon.com Inc. Such issues prompted the Organisation for Economic Co-operation and Development to call on governments to revise tax treaties, tighten rules and share more information, in a project due for completion by the end of this year.
  • OLAM International is changing its fiscal year-end from June 30 to December 31. This is to enable the company to comply with the group consolidation and reporting requirements of its majority shareholder.With this change, the company’s current fiscal year, which began on July 1, 2014, will end on December 31, 2015. After this, the company will follow a January-to- December fiscal year.To facilitate comparison with previous years, Olam said that it would provide historical pro-forma financial information for the financial years ended December 31, 2014, 2013, 2012 and 2011. This will be done before June 30, 2015.
  • Singapore continues its transition from what is effectively an emerging market economy (growth driven by increases in labor, 25% of GDP within manufacturing) to a developed market focused on productivity growth. A structural transformation-driven end to the 13-year bull market in the local currency will make unhedged Singapore holdings less attractive for yield investors. This drives a weak view for domestic consumption, but is also driving the already improving export numbers. This divergence will continue, therefore we focus our investment risk on rate sensitives and external demand sectors.

STOCK RECOMMENDATION :

  • BUY KEPPEL REIT ABOVE 1.225 TARGET 1.275 1.350 SL 1.175

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED

8Jan

Comex Trading Signals and Market News – 08 January 2015

INTERNATIONAL COMMODITY NEWS :

• Brent crude extended gains on Thursday to hold above $51 a barrel, after an unexpected fall in U.S. crude stocks snapped a 4-session decline the previous day.Data showing the U.S. economy remained resilient amid slowing global growth helped bolster oil, which was also supported by Chinese crude imports likely hitting a record high in December.Brent crude marked an intraday high of $51.91 a barrel and was at $51.60 by 0253 GMT, up 45 cents. U.S. crude rose 57 cents to $49.22 after touching a peak of $49.65.But pressure on prices that have plunged more than half since June highs remains strong, with key producers such as OPEC and Russia showing no signs of cutting output despite a supply glut and as major economies in Europe and Asia struggle with slowing growth.

Gold prices posted modest gains early Thursday in Asia as investors noted the Federal Reserve did not seem aggressive on the timing of a widely expected hike in interest rates this year.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery rose 0.18% to $1,212.90 a troy ounce.According to minutes of the Fed’s December meeting minutes, the central bank pressed ahead with plans to begin raising interest rates later this year, although Fed officials said they could be “patient” in deciding when to begin the process. Overnight, gold futures fell to the lowest levels of the session on Wednesday, after data showed that U.S. non-farm private employment rose more-than-expected in December.

• U.S. natural gas prices swung between gains and losses in choppy trade on Wednesday, as market players continued to assess the outlook for U.S. demand and supply levels.On the New York Mercantile Exchange, natural gas for delivery in February tacked on 2.4
cents, or 0.82%, to trade at $2.962 per million British thermal units during U.S. morning hours. Prices traded in a range between $2.913 and $2.989.A day earlier, natural gas rallied 5.6 cents, or 1.94%, to settle at $2.938. Futures were likely to find support at $2.805 per million British thermal units, the low from January 2, and resistance at $3.176, the high from January 5.Updated weather forecast models continued to call for frigid temperatures in the key Northeast and Midwest markets in the next three-to-five days, boosting near-term demand expectations for the heating fuel.

• West Texas Intermediate oil futures came off the highest levels of the session on Wednesday, after data showed that oil supplies in the U.S. fell unexpectedly last week, while gasoline and distillate supplies surged.On the New York Mercantile Exchange, crude oil for delivery in February tacked on 46 cents, or 0.96%, to trade at $48.39 a barrel during U.S. morning hours. Prices were at around $48.95 a barrel prior to the storage report.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1215 TARGET 1220 1226 SL 1209
  • SELL GOLD BELOW 1205 TARGET 1200 1194 SL 1211

For more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

8Jan
forex-trading3

IForex Market Trading Signals and News – 08 January 2015

TRADING TIPS :

  • Forex-Dollar index hits fresh 9-year highs, euro weakens after data.
  • Forex-Euro at fresh 9-year lows as EZ inflation turns negative.
  • Forex-GBP/USD edges down to fresh 17-month lows.

USD-JPY
USD/JPY up 0.54% to 119.08.Modest gains in Asian equity markets overnight dampened demand for the safe haven yen as investor sentiment recovered following a selloff earlier in the week.The U.S. dollar index, which measures the greenback against a basket of six major currencies, hit nine-year highs of 92.14 and was last at 91.97, supported by weakness in the euro.The Federal Reserve was to publish the minutes of its latest policy meeting later Wednesday, which were expected to provide further indications on the future direction of monetary policy.

EUR/USD
EUR/USD at 1.1842, down 0.40% for the day after data showing that consumer prices in the euro area fell in December for the first time in more than five yearsEurostat reported that the annual rate of euro zone inflation fell by 0.2% in December, down from 0.3% in November. Economists had expected an annual decline of 0.1%. It was the first fall in the annual rate of inflation since October 2009.Core inflation, which strips out volatile measures such as food and energy costs, rose 0.8% on a year-over-year basis, but was still well below the European Central Bank’s target of close to, but just under 2%.The data added to expectations that the ECB could implement quantitative easing as soon as its next meeting on January 22. Late last week ECB President Mario Draghi said the risk of it not fulfilling its mandate of price stability is higher now than six months ago.

RECOMMENDATION :

1. Buy USD/JPY Above 119.40-TG: 119.60/119.90 SL 119.10
2. Sell USD/JPY Below 118.53-TG: 118.33/118.03 SL 118.83

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

8Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 08 January 2015

MARKET UPDATES :

  • THE 2015 Singapore Budget statement will be delivered on Feb 23 by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam.There will be a live television and radio coverage of the Budget statement.A live webcast of the delivery will also be available on the Singapore Budget website. The statement will also be uploaded on the website after the speech has been delivered.
  • The plunge in crude prices will give a much-needed boost to Asia’s oil-guzzling economies and provides governments a “golden opportunity” to implement crucial structural reforms such as cutting expensive energy subsidies, analysts say.A slowdown in the key export markets of Europe, China and Japan, the end of US stimulus measures, and an expected US rate hike – fuelling a flight of foreign cash in search of better returns – has left some governments having to make tough decisions to get back on track.
  • CHINESE shipbuilder JES International Holdings saw 107.861 million shares switching hands by noon on Wednesday, pushing its share price up 17.65 per cent. Its counter jumped 0.06 cent to S$0.04.This has prompted the Singapore Exchange to query the mainboard-listed company on unusual trading activity.Besides shipbuilding, JES provides diversified services from offshore engineering to global trading and investment.It has its shipbuilding and offshore engineering base in China’s Jiangsu province. The company also has research and development, sales and marketing, as well as procurement centres in Singapore.
  • UOB is suing Lippo Group’s subsidiary and seven others over SGD181m in housing loans for the purchase of 38 condominium units at Marina Collection in Sentosa. Loans for 37 of these have defaulted. It said it was not informed of the 22-34% discounts offered for the units and that the buyers had secured inflated home loans from the bank.
  • First Resources is relatively better positioned among peers to ride through the headwinds and deliver decent profits. FR’s strength lies in its balanced age profile that ensures good production growth and cash flow. This, together with prudent cost control and flexible downstream operations, makes FR one of the most profitable plantation companies.
  • OUE Hospitality Trust – Looking past near-term volatility-:Recent market data point to potentially softer earnings in 4Q14 as the hotel segment continues to be impacted by slow visitor arrivals and rupiah volatility. Despite potential near-term earnings fluctuations, we remain bullish on OUE-HT as we believe this REIT is well-positioned to ride on a more sanguine tourism outlook for 2015. We reiterate our Add rating with a slightly higher DDM-based (discount rate: 7.9%) target price of S$1.00 which factors in additional income from the recently announced CPCA acquisition.
  • US services PMI and US factory orders failed to beat expectations yesterday, which led to lower equity levels in the US.-:

1. PMI came in at 53.3, lower than the expected value of 53.8; factory orders in November fell -0.7%, worse than the -0.4%
expected.
2. Separately in the Eurozone and the UK,composite PMI and services PMI respectively both also failed to hit the mark. Eurozone composite PMI was in at 51.4 vs 51.7 expected, while UK services PMI came in at 55.8 vs 58.5 expected.
3. The 53.8 services PMI was the slowest expansion since February, and has slowed considerably since hitting 61 in June.

STOCK RECOMMENDATION :

  • BUY OSIM INTL ABOVE 1.885 TARGET 1.915 1.955 SL 1.850

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED

7Jan

Comex Trading Signals and Market News – 07 January 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices eased mildly in Asia on Wednesday as investors continued to eye Greece in the euro zone and await upcoming Federal Reserve minutes for hints on the timing of an interest rate hike widely expected this year.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery fell 0.11% to $1,217.30 on Wednesday in early Asia.Overnight, gold futures were up for the third consecutive session on Tuesday, as safe-haven demand was boosted amid growing fears that Greece might exit the euro zone.

Crude oil prices reversed course slightly in Asia on Wednesday after upbeat U.S. industry supply data.The American Petroleum Institute reported that crude stocks dropped 4 million barrels last week, while distillates gained 9.1 million barrels and gasoline inventories increased 6.9 million barrels. More closely watched U.S. Department of Energy figures due Wednesday are expected to show a crude stocks gain of 880,000 barrels, distillate inventories up 1.86 million barrels and gasoline supplies increased 3.38 million barrels

• U.S. natural gas prices wavered between positive and negative territory in volatile trade on Tuesday, as investors monitored shifting weather forecasts for the next two weeks.On the New York Mercantile Exchange, natural gas for delivery in February tacked on 0.6 cents, or 0.23%, to trade at $2.889 per million British thermal units during U.S. morning hours.Prices traded in a range between $2.814, a level not seen since September 2012, and $2.943.Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting forecasts on winter heating demand.The heating season from November through March is the peak demand period for U.S. gas consumption.Meanwhile, the U.S. Energy Information Administration’s weekly storage report slated for release on January 8 is expected to show a drop of 133 billion cubic feet for the week ending January 2.

• West Texas Intermediate oil futures fell below the $49-a-barrel level on Tuesday, while Brent also hit a fresh five-and-a-half year low, as investors piled on to their short positions in anticipation of lower prices amid lingering concerns over a growing supply glut.On the New York Mercantile Exchange, crude oil for delivery in February fell to a session low of $48.51 a barrel, a level not seen since April 20009, before trading at $48.93 during U.S. morning hours, down $1.11, or 2.22%.On Monday, Nymex oil futures plunged $2.65, or 5.03%, to settle at $50.04 a barrel. Elsewhere, on the ICE Futures Exchange in London, Brent oil for February delivery lost $1.10, or 2.01%, to trade at $52.01 a barrel, after hitting a low of $51.25, the weakest level since April 2009. A day earlier, London-traded Brent prices tumbled $3.31, or 5.87%, to close at $53.11.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1223.5 TARGET 1228.5 1234.5 SL 1217.5
  • SELL GOLD BELOW 1212 TARGET 1207 1201 SL 1218

For more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

7Jan

IForex Market Trading Signals and News – 07 January 2015

TRADING TIPS :

  • Forex-Euro lower after euro zone private sector data.
  • Forex-GBP/USD falls to fresh 17-month lows on weak U.K. Data.
  • Forex-Euro struggles near 9-year lows, yen higher.

USD-JPY
USD/JPY sliding 0.58% to 118.93 from 119.62 late Monday.The safe haven yen was boosted by declines in Asian equity markets overnight, as falling oil prices and concerns over the outlook for the euro zone economy sparked a selloff in stocks.The U.S. dollar index, which measures the greenback against a basket of six major currencies, slid 0.13% to 91.54 but remained close to Monday’s nine-year peaks, supported by weakness in the euro. The dollar remained near nine-year highs against the other major currencies in quiet trade on Monday, as expectations for a U.S. rate hike this year continued to lend broad support to the greenback.

EUR/USD
EUR/USD was last down 0.22% to 1.1905, not far from the lows of 1.1851 struck on Monday, the weakest level since February 2006.The euro backed off session highs after the Markit composite purchasing managers’ index, which measures activity in the manufacturing and services sectors in the euro area, was revised down to 51.4 in December from the preliminary estimate of 51.7. The figure was still higher than November’s reading of 51.1. On the index, a reading below 50.0 indicates activity is slowing, while a reading above 50.0 indicates it is increasing.The single currency remained under pressure after data on Monday showing German inflation fell to a five year low in December added to pressure on the ECB to step up measures to avert the threat of deflation in the region.

RECOMMENDATION :

1. Buy USD/JPY Above 119.45-TG: 119.65/119.95 SL 119.15
2. Sell USD/JPY Below 118.61-TG: 118.41/118.11 SL 118.91

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

7Jan
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 07 January 2015

MARKET UPDATES :

  • SINGAPORE’s first manufacturing data point this new year was bad news for the sector. Falling to its lowest in close to two years, December’s purchasing managers’ index (PMI) pointed to industrial activity contracting. This, after three months of expansion, showed that Singapore has not after all defied waning production momentum across Asia. The overall PMI reading of 49.6 for last month, down from 51.8 in November, was worse than expected.
  • Oil edged up on Tuesday, recovering from a five per cent plunge in the previous session that saw prices touch fresh 5-1/2 year lows in an oversupplied market. Growth in oil supplies showed no sign of abating, with output in Russia hitting a record high in 2014 and exports from Opec’s second largest producer Iraq the highest since 1980.
  • SECURITIES trading value fell 25 per cent while derivatives trading volume rose to a record high in 2014, the Singapore Exchange (SGX) announced on Tuesday. Total trading value of securities fell to S$266 billion in 2014, compared to the year before. In 2014, new company listings jumped to 41 from 32 the year before, but total funds raised tumbled 45 per cent toS$3.9 billion. New bond listings increased to a record 521 from 465, and listing value surged 21 per cent to S$213 billion.
  • CITY Developments Limited (CDL) has come up with a novel way of monetising its Sentosa Cove assets in a soft property market, even as it anticipates more overseas acquisitions over the next few years.The Singapore-based developer cobbled together a club deal with US investment giant Blackstone and Malaysia’s CIMB Bank, which along with senior bank loans, amount to S$1.5 billion. Singapore Banks – Uncovered interest rate parity – good for NIM, bad for NPL-: The FX based monetary policy for Singapore makes interest rates (we use 3M Sibor as a proxy) a function of global rates, especially the Fed fund rates (R2 of 0.88 over last 15 yrs). The extent of change in rates has a theoretical underpinning in form of uncovered interest rate parity. As per UIP, the interest rate differential should broadly be in-line with FX changes.
  • Singapore Airlines – Slower growth well anticipated, lacking catalyst; maintain Neutral-There is no change in our view on Singapore Airlines (SIA) and we maintain our Neutral rating on the stock. We cut our FY3/15-17E EPS forecasts by 19%/17%/18% respectively after factoring in lower passenger yield assumptions and updating capital expenditure and fleet expansion strategy after SIA’s analyst briefing.
  • UOB delivered once again via its formidable fee franchise. Although some elements of the outperformance were due to less recurrent factors, we do not think it is fair to say that the outperformance was illusory. Its strategic focus on ASEAN should not change in the near future.

STOCK RECOMMENDATION :

  • BUY MAPLETREE CORP CMP 1.440 TARGET 1.480 1.540 SL 1.390

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED

6Jan

Comex Trading Signals and Market News – 06 January 2015

INTERNATIONAL COMMODITY NEWS :

Gold prices held mostly steady to weaker on Tuesday with the dollar the key focus as investors weigh prospects for further market turmoil from Greece’s latest political turmoil and general concerns over the euro zone.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery eased 0.06% to trade at $1,203.30 a troy ounce during U.S. morning hours, after hitting a daily peak of $1,202.00.Overnight,gold futures edged higher on Monday, as investors sought shelter from steep losses in the oil market, amid lingering fears of a global economic slowdown.

Crude oil prices rebounded slightly in early Asia on Tuesday ahead of a U.S. industry survey of domestic crude and product stocks. The American Petroleum Institute will release data on crude, gasoline and distillates stocks later Tuesday in a survey that is followed as a tip to more clocely watched U.S. Department of energy data on Wednesday.On the New York Mercantile Exchange, crude oil for delivery in February rose 0.41% to trade at $50.08 a barrel.West Texas Intermediate and Brent oil futures plunged to their lowest level since 2009 on Monday, as investors piled on to their short positions in anticipation of lower prices amid lingering concerns over a growing supply glut.CE-traded Brent crude, the international benchmark, slid 5.9% to $53.11 on Monday, the lowest level since May 1, 2009.

• Saudi Arabia made deep cuts to its monthly oil prices for European buyers on Monday, a move some analysts said reflects the kingdom’s deepening defense of market share, although it also hiked prices in Asia from record lows.State oil firm Saudi Aramco cut the official selling price (OSP) for its Arab Light crude to Northwest Europe, a region that buys only a small proportion of Saudi Arabia’s crude, by $1.50 a barrel for February, putting it at a discount of $4.65 a barrel to the Brent Weighted Average (BWAVE), the lowest since 2009.However, Aramco also raised its February price for its Arab Light grade for customers for Asia – the largest of its major markets, accounting for more than half of its exported crude – by 60 cents a barrel versus January to a discount of $1.40 a barrel to the Oman/Dubai average.

• The White House said on Monday that U.S. President Barack Obama believes the proposed Keystone XL (TO:TRP) pipeline would have little impact on U.S. gas prices but a spokesman would not say whether he would veto Republican legislation related to the project. Republicans want Obama to approve the pipeline, which would carry tar sands oil from Canada. White House spokesman Josh Earnest said Obama would wait to see any legislation they propose before determining whether to veto it.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1208.5 TARGET 1213.5 1219.5 SL 1202.5
  • SELL GOLD BELOW 1201 TARGET 1196 1191 SL 1207

For more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

6Jan

IForex Market Trading Signals and News – 06 January 2015

TRADING TIPS :

  • Forex-Euro slumps to 9-year low as QE bets mount.
  • Forex-GBP/USD hits fresh 17-month lows on U.K. construction data.
  • Forex-Aussie up slightly despite weak AI Group manufacturing survey.

USD-JPY
USD/JPY changed hands at 120.07, down 0.36%.Last week, the euro fell to four-and-a-half year lows against the dollar on Friday, and the greenback rose to parity against the Swiss franc after European Central Bank President Mario Draghi indicated that the likelihood of quantitative easing has increased.In an interview Handelsblatt Draghi said the risk of the ECB not fulfilling its mandate of price stability is higher now than six months ago. The remarks indicated that the central bank is moving closer to implementing quantitative easing measures in order to spur growth and inflation.

EUR/USD
EUR/USD hit lows of 1.1858, the weakest since February 2006, and was last at 1.1950, off 0.42%.On Friday, ECB President Mario Draghi said the risk of the ECB not fulfilling its mandate of price stability is higher now than six months ago, indicating that the likelihood of full blown quantitative easing has increased.Investors were looking ahead to preliminary data on euro area inflation for December, due for release on Wednesday. Economists have forecast at 0.1% decline in inflation, which would be the first drop since 2009.The annual rate of euro zone inflation was just 0.3% in November, well below the ECB’s target of close to but just below 2%.Data on Friday showed that manufacturing activity in the euro area grew at a slower rate than initially estimated in December, adding to concerns over the outlook for fourth quarter growth and adding to pressure on the ECB to act.

RECOMMENDATION :

1. Buy USD/JPY Above 120.66-TG: 120.86/121.16 SL 120.36
2. Sell USD/JPY Below 119.95-TG: 119.75/119.45 SL 120.25

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

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